Financial Statements — CDZI
Balance Sheet
(in millions USD)| Metric | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 16.54 | 4.43 | 13.21 | 21.57 | 3.33 | 10.10 | 19.21 | 13.31 | 19.24 | 26.28 | 6.96 | 13.24 | 18.82 | 18.58 | 11.19 | 18.67 |
| Accounts Receivable | 4.74 | 3.65 | 4.09 | 4.97 | 3.24 | 1.62 | 1.58 | 0.41 | 0.88 | 0.23 | 0.55 | 0.15 | 0.12 | 0.08 | 0.07 | 0.02 |
| Inventory | 1.47 | 2.80 | 3.01 | 3.05 | 4.35 | 4.50 | 2.76 | 2.13 | 1.17 | -- | 0.34 | -- | -- | -- | -- | -- |
| Total Current Assets | 23.72 | 11.72 | 21.04 | 30.59 | 12.01 | 17.22 | 24.54 | 16.63 | 23.18 | 29.46 | 9.92 | 15.59 | 21.00 | 20.84 | 12.49 | 19.51 |
| Property, Plant & Equipment | 96.38 | 93.68 | 92.61 | 92.11 | 86.76 | 87.03 | 87.05 | 85.54 | 85.44 | 85.20 | 80.77 | 80.51 | 79.38 | 77.58 | 76.10 | 53.70 |
| Goodwill | 5.71 | 5.71 | 5.71 | 5.71 | 5.71 | 5.71 | 5.71 | 5.71 | 5.71 | 5.71 | 3.81 | 3.81 | 3.81 | 3.81 | 3.81 | 3.81 |
| Total Non-current Assets* | 122.40 | 116.29 | 115.34 | 114.99 | 100.55 | 100.89 | 100.97 | 97.83 | 97.67 | 98.09 | 94.21 | 98.51 | 98.74 | 99.26 | 89.16 | 70.04 |
| Total Assets | 146.12 | 128.01 | 136.38 | 145.58 | 112.55 | 118.11 | 125.51 | 114.46 | 120.86 | 127.55 | 104.12 | 114.10 | 119.74 | 120.11 | 101.64 | 89.55 |
| Accounts Payable | 5.34 | 1.59 | 2.32 | 2.11 | 1.79 | 1.90 | 2.70 | 1.63 | 1.16 | 1.40 | 0.46 | 0.63 | 1.10 | 0.58 | 0.12 | 0.18 |
| Total Current Liabilities | 12.64 | 9.33 | 11.59 | 13.99 | 8.85 | 9.12 | 8.57 | 5.93 | 5.77 | 5.43 | 2.78 | 3.59 | 4.01 | 4.67 | 2.34 | 2.32 |
| Long-term Debt | 85.60 | 59.84 | 58.75 | 57.71 | 55.70 | 54.72 | 54.23 | 37.39 | 36.92 | 36.62 | 48.35 | 47.61 | 47.03 | 45.93 | 82.48 | 78.92 |
| Total Non-current Liabilities* | 117.87 | 90.94 | 89.22 | 87.55 | 83.01 | 81.42 | 80.32 | 60.87 | 62.46 | 61.30 | 69.40 | 71.25 | 70.13 | 68.32 | 104.37 | 100.29 |
| Total Liabilities | 130.51 | 100.27 | 100.81 | 101.54 | 91.85 | 90.54 | 88.90 | 66.80 | 68.22 | 66.72 | 72.18 | 74.84 | 74.13 | 72.99 | 106.71 | 102.60 |
| Retained Earnings | (700.83) | (682.44) | (675.36) | (686.95) | (666.18) | (658.12) | (647.96) | (631.81) | (623.61) | (615.25) | (595.16) | (587.35) | (580.58) | (566.21) | (556.92) | (545.36) |
| Total Stockholder Equity | 15.61 | 27.73 | 35.57 | 44.04 | 20.70 | 27.57 | 36.61 | 47.66 | 52.63 | 60.82 | 31.94 | 39.26 | 45.61 | 47.12 | (5.07) | (13.05) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1.63 | 5.08 | 4.15 | 4.13 | 2.95 | 4.75 | 3.22 | 0.51 | 1.12 | 0.68 | 0.37 | 0.81 | 0.13 | 0.57 | 0.60 | 0.19 | 0.14 | 0.14 | 0.14 | 0.14 |
| Cost of Revenue* | 1.21 | 3.41 | 3.02 | 2.67 | 2.08 | 3.03 | 2.41 | 0.85 | 1.00 | 1.41 | 0.69 | 0.77 | 0.02 | 0.90 | 1.16 | 0.00 | -- | 0.00 | 0.00 | -- |
| Gross Profit* | 0.43 | 1.68 | 1.13 | 1.46 | 0.88 | 1.72 | 0.82 | (0.34) | 0.12 | (0.72) | (0.32) | 0.04 | 0.11 | (0.33) | (0.56) | 0.19 | -- | 0.14 | 0.14 | -- |
| Selling, General & Admin | 6.88 | 8.72 | 5.73 | 6.94 | 8.11 | 8.04 | 5.28 | 6.31 | 4.73 | 4.40 | 5.13 | 5.32 | 3.95 | 4.36 | 3.77 | 3.41 | 3.81 | 3.84 | 4.20 | 6.38 |
| Total Operating Expenses* | 7.26 | 9.07 | 6.03 | 7.24 | 8.41 | 8.34 | 5.58 | 6.61 | 5.03 | 4.72 | 5.44 | 5.63 | 4.26 | 4.61 | 3.88 | 3.58 | -- | 3.95 | 4.31 | -- |
| Operating Income | (6.83) | (7.39) | (4.90) | (5.78) | (7.53) | (6.62) | (4.77) | (6.95) | (4.91) | (5.44) | (5.76) | (5.58) | (4.15) | (4.94) | (4.44) | (3.39) | (3.78) | (3.81) | (4.17) | (6.34) |
| Interest Expense | 2.47 | 2.40 | 2.17 | 1.95 | 2.06 | 2.00 | 2.02 | 1.92 | 1.94 | 0.93 | 1.17 | 1.34 | 1.50 | 2.12 | 2.10 | 2.06 | 1.99 | 1.99 | 2.00 | 4.86 |
| Pretax Income | (8.63) | (9.75) | (7.07) | (7.73) | (9.59) | -- | (6.79) | (8.87) | (6.85) | (6.75) | (6.93) | (7.06) | (10.69) | (7.06) | (6.54) | (5.45) | (5.78) | (5.80) | (7.57) | (11.19) |
| Tax Provision | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Net Income | (8.64) | (9.76) | (7.07) | (7.73) | (9.59) | (8.62) | (6.79) | (8.87) | (6.85) | (6.75) | (6.94) | (7.06) | (10.69) | (6.85) | (6.54) | (5.48) | (5.91) | (5.90) | (7.84) | (11.56) |
| Basic EPS | (0.12) | (0.13) | (0.10) | (0.11) | (0.14) | (0.14) | (0.12) | (0.15) | (0.12) | (0.12) | (0.12) | (0.13) | (0.19) | (0.16) | (0.15) | (0.13) | (0.16) | -- | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (5.51) | (6.92) | (7.01) | (1.36) | (3.64) | (6.21) | (5.39) | (7.06) | (2.87) | (5.52) | (5.53) | (5.80) | (4.07) | (5.22) | (5.82) | (4.33) | (3.22) | (5.63) | (3.64) | (3.18) |
| Capital Expenditures | 0.24 | 1.33 | 0.45 | 4.51 | 1.29 | 0.41 | 0.06 | 0.28 | 0.19 | 1.97 | 0.60 | 1.01 | 2.21 | 0.94 | 0.68 | 1.22 | 0.53 | 1.81 | 0.92 | 19.66 |
| Free Cash Flow* | (5.75) | (8.25) | (7.46) | (5.87) | (4.93) | (6.62) | (5.44) | (7.34) | (3.06) | (7.49) | (6.13) | (6.81) | (6.27) | (6.17) | (6.51) | (5.55) | (3.75) | (7.44) | (4.56) | (22.84) |
| Investing Cash Flow | (0.24) | (1.33) | (0.45) | (4.51) | (6.29) | (0.66) | (0.05) | (0.28) | (0.19) | (1.97) | (0.60) | (1.01) | (2.21) | (1.59) | (0.68) | (1.22) | (0.63) | (1.94) | (1.09) | (19.79) |
| Financing Cash Flow | 13.69 | 12.42 | (1.31) | (2.50) | 16.84 | 20.84 | (1.33) | (1.77) | 17.77 | (1.31) | (1.09) | (1.31) | 21.27 | 8.59 | (1.06) | (1.30) | 10.42 | (1.48) | 22.33 | 15.48 |
* Derived from reported values